ORIGIN

ORIGIN

Since the beginning of the 21st century, continuous turmoil, changes in the global economic and financial situation, and new global developments and patterns require the international community to join forces. There is an urgent need to establish a broader mechanism for cooperation and dialogue as well as a global network that will facilitate regular consultations and the joint solving of significant global issues such as economic and financial crises.

 

To address the new world order, new situation, and new challenges, and to promote global stability and cooperative dialogue, in October 2003 leaders and member representatives from G20 countries and regions as well as related international organizations and global financial institutions convened a conference in Beijing, China and issued the International Finance Forum (IFF) Declaration, thereby officially establishing the IFF. Such countries and regions included China, the United States, the United Kingdom, France, Germany, Canada, Japan, South Korea, the Philippines, Turkey, Saudi Arabia, Israel, Pakistan, the United Arab Emirates, Mexico, Brazil, Argentina, Italy, Portugal, Belgium, the Netherlands, Australia, New Zealand, and Egypt, while international organizations and global financial institutions in attendance included the United Nations, the European Union, the World Bank, and the International Monetary Fund.

 

In September 2016, on the eve of the G20 Summit in Hangzhou, China, the IFF held its 13th Global Annual Meeting in nearby Shanghai. UN Secretary-General Ban Ki-moon then delivered a speech on the F20 Initiative, after which all members unanimously proposed that, based on the mature framework of the IFF, the organization should be shaped into the F20 of the global financial field, committed to promoting the agenda New Capital, New Value, New World - Creating a New Era of Comprehensive Sustainable Development. The aim of jointly building the F20 platform was to actively guide finance to return to its roots, reconstruct and improve the world’s basic economic system, and promote a global economic recovery as well as sustainable, comprehensive development.

NATURE

The IFF is an independent, non-profit, non-governmental international organization founded in Beijing in October 2003, and established by financial leaders from more than 20 countries and regions, including China, the United States, the European Union, emerging countries, and leaders of international organizations such as the United Nations, the World Bank and the International Monetary Fund (IMF). The IFF is a long-standing, high-level platform for dialog and communication and multilateral cooperation and has been upgraded to F20 (Finance 20) status.

MISSION

By establishing a multifaceted, pragmatic, equal, and constructive platform for unofficial high-level dialogue and collaboration, we aim to strengthen international financial exchanges and promote the inclusive and sustainable development of the global economy. With operations that are internationalized, market-oriented, and professional, we are dedicated to becoming an unofficial, independent, and transparent international financial public think tank as well as a platform for strategic collaboration.

 

We actively promote global collaboration among all members and participants, attract elites from the global financial community, discuss and negotiate significant issues facing the international financial sector, address major global challenges, and advance more inclusive and extensive global cooperation and development. Such efforts include the following:

 

(1) Based in China and other emerging economies yet also globally oriented, we promote and deepen comprehensive sustainable development and engage in economic and financial collaboration between China, other emerging economies, and other regions of the world.

(2) We also provide a high-level dialogue platform for governments, international organizations, financial institutions, enterprises, and experts and scholars to jointly explore global economic and financial issues as well as other related matters.

(3) Through a working network established by the IFF together with global financial leaders, financial institutions, enterprises, and academia, we offer services facilitating the expansion of global collaboration both among members as well as between members and non-members.

GOALS

The IFF's operations are based on an open, transparent, and fair mechanism to ensure its independence, objectivity, foresight, and inclusiveness and to facilitate global financial cooperation and exchanges. Through in-depth research on global finance, the IFF is committed to promoting sustainable development of the Chinese and world economies. Our target is building an:

1. International Financial Strategic Dialogue Platform;
2. International Financial Cooperation and Exchange Platform;
3. International Financial Innovation and Practice Platform;
4. International Financial Strategic Think Tank Platform; and
5. International Financial Talents Platform

INFLUENCE

The International Finance Forum (IFF) has developed itself into an independent and non-governmental international organization. Based in Beijing, it has become a regular platform for high-level dialog, exchange and research in the global financial realm, and has attracted the increasing attention of the financial sector and others.

 

Since its establishment, IFF has been holding its annual meeting to analyze and address economic and financial issues facing China and the world. The annual meeting has become a major event in the global financial realm, and has been upgraded to F20 status. Previous events invited hundreds of global political, economic and financial leaders, including UN Secretary-General Kofi Annan and Ban Ki-moon, Kevin Rudd, former prime minister of Australia, Jean-Claude Trichet, former president of the European Central Bank, Yukio Hatoyama, former prime minister of Japan, HRH prince Turki Bin Abdullah Bin Abdulaziz, Tony Blair, former prime minister of Great Britain and Northern Ireland, Jenny Shipley, former prime minister of New Zealand, Han Seung-soo, former prime minister of the Republic of Korea, Paul Volcker, former Fed chairman, Supachai Panitchpakdi, former secretary-general of the United Nations Conference on Trade and Development, Christine Lagarde, former managing director of the International Monetary Fund, and Jaime Caruana, former general manager of the Bank for International Settlements.

 

All these meetings achieved remarkable results. The solutions and suggestions that experts introduced at the meetings have had significant influences in the international financial field, and have become important references for formulating economic and financial policies. China’s national leaders - including Xi Jinping, Wen Jiabao, and Wang Qishan - also met with the guests during the meeting.



The International Finance Forum (IFF) Annual Meeting has become a “high level, high-end and international” financial summit, and hence, is well known as the F20.

High Level – International speakers mainly consist of senior executives of international organisations or institutions. Domestic speakers are heads from financial regulation entities and financial institutions.

High-end – China’s financial reform, particularly the reform of state-owned banks, is also deepening. The themes and the speeches delivered by conference guests at the annual meetings have represented the highest level of insights and opinions on global financial situation and other key issues.

International – IFF's international nature lies in its high-level dialogue mechanism of the annual meetings, which makes it stand out among similar events. The annual meeting attracts hundreds of global political, economic, and financial leaders gathering in China to explore new drivers of growth.

Ban Ki-moon, the 8th U.N. Secretary-General, once praised the valuable contributions of the International Finance Forum (IFF) to global policy dialogues that rebuild the essence of finance through timely discussion.

Jean-Claude Trichet, former president of the European Central Bank, honorary chairman of G30, and chairman of the European Group of the Trilateral Commission, spoke very highly of the role of IFF since its establishment, and pointed out that IFF has always adhered to the mission of “Comprehensive and Sustainable Development – New Capital, New Value, New World”. He said that this spirit is in line with the development trend of new global economic and financial pattern.

Paul Volcker, the former chairman of the Federal Reserve and former chairman of the President's Economic Recovery Advisory Board, also affirmed that IFF is an important platform that promotes international financial cooperation and development, “I hope IFF would continuously carry forward its important mission".

SITE

The Secretariat of the IFF is located at the Beijing Headquarters of the IFF; the address of the IFF Permanent Conference Site is No. 1 International Financial Island, Nansha District, Guangzhou, China.